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Oh, I guess it does. I could've sworn they were still split.
It also has to be added that for those of us who already have previous versions of the Adobe software it takes a lot less time, even with an introductory discount, to hit the price of a stand-alone upgrade version (even with the way the prices had risen and the eligibility had been restricted).
Also not a fan of the "Cloud" subscription model to software. Although it does have advantages for some users. Unfortunately I'm old-school and believe that software CDs should be able to be thrown in a drawer and allowed to become obsolete. The world can never have too many coasters or clock faces, or table leg props.
Fortunately though, Photoshop (full Photoshop, not "Elements") newer than version 4 or 5 is pretty darn impervious to obsolescence*. So if you can get your hands on an (oldest to newest) hard copy of Photoshop5, 6, 7, Photoshop-CS, Photoshop-CS2, CS3, CS4, CS5 or CS6 you'll still have a powerful tool. Granted, the casual user features of Photoshop5 or 6 are probably not much better than Photoshop Elements. Of course the newer versions have more bells and whistles but Adobe had to add bells & whistles because the core foundation of Photoshop is so rich and they needed a reason for people to buy a new version. In fact some of the older versions had a couple features that have since been split out to separately purchased Adobe tools. :-(
But before you get all obsessed with "having to have full Photoshop", keep in mind that full Photoshop has a lot of features that most people will never use. There's the whole thing of CMYK color models instead of RGB. CMYK is for professional print machines and unless you're producing images for commercial mass reproduction you'll probably never even peek at the plethora of features in Photoshop that handle that. And there's the "Two Color and "Spot Color" features and "Gamut" matching & tweaking features. Then there are the advanced "Masking & Clipping" features and all that built-in code to accommodate seamless transfer of images between half a dozen other Adobe products in their CS suites. Drop all those features and what do you have? You have Photoshop Elements. Cool!
It all boils down to whether you think you are a casual or a professional image editing person.
I started with Photoshop6 and updated about every third version and now am very happy with PhotoshopCS5 and have no intention of going cloud. The software I have now will probably work for me until I pass onto the great bit-bucket in the sky.
$10 a month for Photoshop cloud version is reasonable, if you don't mind yet another nibble at your credit card each month. Personally I've worked very very hard to beat away all the monsters that take a chunk out of my credit card every month. I budget my income and pay cash or in full chunks when I can. The result is that if I have a bad month with an expensive emergency and my credit card has to sit empty for a while It's no big deal and I don't panic. Also, I can say for the first time in my half-century of adult life, and despite being on a fixed retirement income less than my starting salary of my first full time job in 1974, I live completely on my meager income and at the moment all my credit cards are paid off.
Credit card nibblers are a bad thing! Cloud software, bah humbug!
* WARNING: though the features of old Photoshop versions are still useful, you'll find that some versions may need to be run in a WindowsXP compatibility mode when using them in Vista or Win7 or Win8.
...the trick with getting older versions is getting a "legitimate" one (say, Photoshop 4 or 5) with the proper registration key.
Usually an EULA does not permit transfer of licence from one user to another or depending on the vendor/publisher even one machine to another.
For me it would mostly be for personal use which would include learning all the in's & outs of the programme for bettering my employment chances. So knowing about the more professional functions (like the aforementioned CMYK mode) is important for me
Like others here, I would prefer to have it installed on my own workstation for the same reason mentioned above, a very meager income. Good example, For this year since January, 1st, I have purchased a grand total of 43.85$ (not including freebies GC prizes from challenges, and using my monthly PC coupon), in content from the Daz store. I've had single orders far larger than that. During MM I spent 0.00$ (freebies and PC coupon only). I also have made no purchases whatsoever from either Rendo or RDNA for the year.
When I first started in this I never thought I'd be laid off (no one ever thinks it will happen to them) especially since I made it through the worst part of the recession and the economy was supposedly "rebounding". This was a sobering experience (and one i hope doesn't repeat itself anytime soon) so having one's software tools paid for and already on one's own system still allows one to continue working instead of having nothing.
I like the term "CC nibblers" for that is what they are and you have to keep track of each & every one of them. Part of the reason I like my current rental situation is that all the basic utilities are included in my rent as I don't have to keep track of several small to moderate yet, annoying bills each month.
I am a user of the cloud version (actually I have the whole suite, I use a number of the programs). I like it for a couple of reasons:
I could not afford to upgrade on every version, I generally skipped the even number ones. (bought CS3, CS5). CS5 if you recall actually had an intermediate one, CS5.5 before CS6 came out.
Aside from having to amass a rather huge amount of money each time though, the other benefit of people going this route is Adobe can actually spend more time tweaking what doesn't quite work right rather than putting all their time into a revision massive enough to make you buy it. A certain supplier of Operating systems ought to sit up and take notice on that, rather than saying "it is 10 years old and we are no longer going to support it" then making you "upgrade" to something you really don't want.
Yeah, buy it once and own it forever has its points, but you know, there was such an advancement between CS3 and CS5 that it really wasted more of your time to stick with CS3 than it was worth - let alone anything older.
Time marches on, and while it is nostalgic to think about the earlier, simpler days, there is simply so much more you can accomplish now.
Now all I have to do is figure out how to afford that 24 core, 128 gb ram, 11 TB workstation they have out for $5K+ :P